undamentalytics Newsletter
Sign in

Funds (13F)

Element Capital Management LLC

Backtest from 21 Feb 2014 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+2.9%
S&P 500 +13.7%
Last 12 months
+12.0%
S&P 500 +12.1%
Sharpe ratio
0.14
S&P 500 0.75
Biggest drop
−48.5%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2014201620182020202220242026 $50.9k$14.4k
StrategyS&P 500 $10,000 in Element Capital Management LLC from 21 Feb 2014 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Element Capital Management LLC's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Element Capital Management LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+2.9%+13.7%
Total return+44%+409%
Last 12 months+12.0%+12.1%
Last 3 months+3.6%—
Last month−5.8%—
This year so far+3.5%—
Volatility a year20.9%16.2%
Sharpe ratio0.140.75
Biggest drop−48.5%−31.8%
Beta to the S&P 5000.981.00
Alpha a year (t-statistic)−8.8% (−2.30)—
Share of weeks up50%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
SPCX26.3%——
DLR12.6%——
Q7.3%——
SOLS6.6%——
ARXS3.6%——
MDLN2.3%——
WEN2.3%——
MKC2.2%——
CURB2.1%——
CME2.0%——
NVDA2.0%——
GIS1.7%——
NOW1.6%——
TEAM1.6%——
SHAZ1.6%——
AJG1.6%——
HCA1.5%——
BRO1.5%——
RYAN1.5%——
DHR1.5%——
DDOG1.5%——
NWL1.1%——
NET1.1%——
INIO1.1%——
RSG0.9%——
AMBQ0.9%——
HRL0.9%——
MDB0.8%——
AON0.8%——
HOOD0.7%——
TSCO0.7%——
EROC0.6%——
TMO0.6%——
ABT0.6%——
CRWD0.6%——
CWST0.5%——
PANW0.5%——
RTX0.5%——
PM0.4%——
SYY0.4%——
MO0.3%——
MWH0.2%——
AERO0.2%——
BAND0.2%——
SNOW0.2%——
EROK0.2%——
ROL0.2%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest21 Feb 2014 to 2 Nov 2026+2.9%+13.7%0.140.75−48.5%0.98−8.8% (−2.30)
2018 onwards5 Jan 2018 to 2 Nov 2026+3.6%+13.9%0.150.66−48.5%0.99−8.5% (−1.79)
Last three years3 Nov 2023 to 2 Nov 2026+16.4%+21.8%0.721.16−14.7%0.66+1.4% (0.18)
Last year7 Nov 2025 to 2 Nov 2026+12.1%+14.2%0.540.84−9.6%1.01−1.4% (−0.12)
DateCompanyAction
21 Aug 2026WENBought
21 Aug 2026TSCOBought
21 Aug 2026TMOBought
21 Aug 2026TEAMBought
21 Aug 2026SYYBought
21 Aug 2026SPCXBought
21 Aug 2026SNOWBought
21 Aug 2026SHAZBought
21 Aug 2026RYANBought
21 Aug 2026RSGBought
21 Aug 2026ROLBought
21 Aug 2026PMBought
21 Aug 2026PANWBought
21 Aug 2026NWLBought
21 Aug 2026NVDABought
21 Aug 2026NOWBought
21 Aug 2026NETBought
21 Aug 2026MOBought
21 Aug 2026MKCBought
21 Aug 2026MDBBought
21 Aug 2026INIOBought
21 Aug 2026HRLBought
21 Aug 2026HOODBought
21 Aug 2026HCABought
21 Aug 2026GISBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026WIXSold
21 Aug 2026TMUSSold
21 Aug 2026SNDKSold
21 Aug 2026SAROSold
21 Aug 2026PINSSold
21 Aug 2026NOCSold
21 Aug 2026NFLXSold
21 Aug 2026MUSold
21 Aug 2026METASold
21 Aug 2026LMTSold
21 Aug 2026LHXSold
21 Aug 2026LBRTSold
21 Aug 2026FPSSold
21 Aug 2026FLOCSold
21 Aug 2026CRMSold
21 Aug 2026CORZSold
21 Aug 2026CBUSSold
21 Aug 2026BTSGSold
21 Aug 2026BKVSold
21 Aug 2026ASSold
21 Aug 2026AGBKSold
15 May 2026WLTHSold
15 May 2026VEEVSold
15 May 2026TDGSold
15 May 2026STCSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest